P 3.04 – Weismuller Publishing
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given the ending balances of accounts for the company along with the additional information… prepare a balance sheet.
Given the ending balances of accounts for the company along with the additional information… prepare a balance sheet.
Given the ending balances for the company along with the additional information… create a balance sheet.
They give you a long list of accounts as well as additional info and ask you to make a balance sheet.
A partial balance sheet and additional information are provided and they ask you to create a new balance sheet.
They give you cash receipts and cash disbursements, as well as a bank loan, equipment, inventory rent, net income, etc., and ask for the balance sheet.
Journalize the end of the current accounting period for each situation.
Compute the company’s current ratio, acid-test ratio, debt-to-equity ratio, times interest earned ratio, and long-term debt-to-equity ratio.
Compute the company’s current assets, shareholders’ equity, long-term assets, and long-term liabilities.
Given an adjusted trial balance they ask you to prepare a classified balance sheet.
Given financial statement data, they ask you to determine the company’s long-term debt-to-equity ratio equity.